Eligibility: The HDFC Bank RD account can be opened by resident Indians, Hindu Undivided Families (HUFs), private & public limited companies and trust & societies.CIN: L67190MH2007PLC289249 | Stock Broker SEBI Regn.: INZ000010231 | SEBI RA Regn.: INH000004680 | SEBI Depository Regn.: IN DP CDSL: IN-DP-192-2016 | AMFI REGN No.: ARN-104096 | NSE Member id: 14300 | BSE Member id: 6363 | MCX Member ID: 55945 | Investment Adviser Regn No: INA000014252 | Registered Address - IIFL House, Sun Infotech Park, Road no.The interest rate applicable on such closed HDFC Bank RD accounts will be based on the lender’s premature withdrawal policy. Overdue Installments: If the depositor defaults on payment of 6 or more installments, the lender has the right to close the RD account.

If the depositor delays payment of one or more of the scheduled installments, the maturity amount is subject to change. The maturity amount mentioned on the RD confirmation advice is subject to payment of all installments on time.

Maturity: The deposit amount will be due for repayment and RD shall mature on the completion of its tenure, even if the depositor has not paid some or all of the installments.

The TDS will be deducted for the depositor when the total interest payable/reinvested on RD/FD per depositor across all branches, exceeds Rs 40,000 (Rs 50,000 for senior citizens) in a financial year.

Interest: The interest on HDFC Bank RD is payable only on maturity of the deposit.

In case of premature closure within 1 month, the depositor will not receive any interest and only his/her principal amount will be returned. Lock-in period: HDFC Bank Recurring Deposit account has a lock-in period of minimum 1 month.Maximum deposit amount: Rs 1.99 crore per month.Minimum deposit amount: Rs 1000 (and in multiples of Rs 100 there after) per month.Tenor: 6 months (1 year for Non Resident Indians) to 10 years.

Hdfc recurring deposit